China: Shagang Steel Rolls Over Construction Steel Prices for the rest of Apr'20

Shagang Group rolled over its ex-mill price of construction steels for the remaining days of April. This price is based on the " prices guidance for the median April period issued on April 11". The detailed prices are as following:

1. Rebar prices remain flat. HRB400 16-25mm is at RMB 3,700/MT. For Its10mm,12mm, 14mm, 28-32mm, 36/o 40mm added with premium of RMB160, RMB100, RMB 30, RMB 60, RMB 250 respectively. Anti-seism rebar added with premium of RMB30; the ex-mill price of rebar HRB500 is added with RMB 350 premium on level of HRB400.

2. Wire rod price is flat. HPB300 6-10mm general carbon wire rod is at RMB 3,760/MT

3. Coiled rebar price is flat; the price of HRB400 8-10mm is at RMB 3,800; HRB400 o6mm added with premium RMB300, and anti-seism coiled rebar added with premium RMB30;

All prices are tax inclusive and take effect from April 21.

Shagang group is the largest private steel company in China with an annual steel production capacity of more than 40 MnT is ranked 6th globally in 2018 with an output of 40.66 MnT. In 2019 its output of steel stood at 41 MnT,up 1% Y.o.Y.